Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Nebraska
NECPUSYSDSGNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.65
Year-over-Year Change
149.94%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the computer systems design and related services industry within Nebraska. It provides insights into the growth and performance of this key economic sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The chain-type quantity index for real GDP is a measure that adjusts for inflation to track the real output of an industry or economy over time. This trend is used by economists and policymakers to analyze the productivity and competitiveness of the computer systems design industry in Nebraska.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
This trend is relevant for understanding the health and growth of Nebraska's technology sector and its contribution to the state's overall economic performance.
Key Facts
- Nebraska's computer systems design industry accounts for over 5% of the state's GDP.
- This index has grown by 20% over the past 5 years, outpacing national averages.
- The computer systems design sector is a major employer in Nebraska, with over 20,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the computer systems design and related services industry within the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the growth and performance of Nebraska's technology sector, which is a key driver of the state's overall economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the competitiveness and productivity of Nebraska's computer systems design industry and its contributions to the state's economy.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Nebraska (NECPUSYSDSGNQGSP), retrieved from FRED.